Real Madrid, Liverpool and Victor Munoz
19 June 2026
Real Madrid could have re-signed Victor Munoz from Osasuna for €8 million but decided not to activate their buyback option. Liverpool later moved for the Spanish winger in a deal reported at around €40 million.
Madrid weighed academy sentiment against squad priorities and financial upside. Their sell-on clause meant a major profit without adding another wide player, while Liverpool gained a versatile winger after his breakout season in La Liga.